FEreview

FEreview - ECO 4933 Engineering Economics Practice Problems...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ECO 4933 Engineering Economics Practice Problems Problem 1 If you make the following series of deposits at an interest rate of 10% compounded annually, what would be the total balance at the end of 10 years? A. $ F = 22,256 B. $ F = 24,481 * C. $ F = 24,881 D. $ F = 25,981 Problem 2 To withdraw the following $ 1,000 payment series in the figure, determine the minimum deposit (P) you should make now if your deposits earn an interest rate of 10 % compounded annually. Note that you are making another deposit at the end of year 7 in the amount of $ 500. With the minimum deposit P, your balance at the end of year 10 should be 0. A. P = $ 4,912 B. P = $ 4,465 C. P = $ 5,374 * D. P = $ 5,912 Problem 3 What is the future worth of an equal quarterly payment series of $2,500 for 10 years if interest rate is 9% compounded monthly? A. F = $ 158,653 B. F = $ 151,930 C. F = $ 154,718 D. F = $ 160,058 * Problem 4 A couple is planning to finance their 5-year-old daughter's college education. They were able establish a A couple is planning to finance their 5-year-old daughter's college education....
View Full Document

This note was uploaded on 07/29/2011 for the course EGN 3612 taught by Professor Staff during the Fall '09 term at UNF.

Page1 / 4

FEreview - ECO 4933 Engineering Economics Practice Problems...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online